Micron revenue almost triples, tops estimates as demand for memory soars
#Micron #revenue #memory chips #semiconductors #demand #earnings #technology sector
📌 Key Takeaways
- Micron's revenue nearly tripled year-over-year, exceeding market expectations.
- Strong demand for memory chips across multiple sectors drove the revenue surge.
- The company's performance reflects a robust market for semiconductors.
- Micron's results indicate continued growth in the memory industry.
📖 Full Retelling
Micron's stock has soared this year while its tech peers have struggled, as the impact of rising memory costs ripples across the industry.
🏷️ Themes
Technology, Finance, Semiconductors
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Original Source
In this article NVDA MU Follow your favorite stocks CREATE FREE ACCOUNT Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company's semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron said revenue almost tripled in the latest quarter as results topped analysts' estimates. Here's how the company did relative to LSEG consensus: Earnings per share: $12.20 adjusted vs. $9.31 expected Revenue: $23.86 billion vs. $20.07 billion expected Micron is benefiting from soaring demand for Nvidia graphics processing units that run generative artificial intelligence models. Each generation of Nvidia chip packs in more memory, creating a supply crunch. Micron has been working to add capacity, as have competitors Samsung and SK Hynix. Revenue in the fiscal second quarter increased from $8.05 billion a year earlier, according to a statement . For the current period, the company expects about $33.5 billion in revenue up from $9.3 billion a year ago, implying growth of over 200%. Adjusted earnings per share will be about $19.15, Micron said. Analysts polled by LSEG had expected $12.05 in adjusted earnings per share or $24.3 billion in revenue. Net income climbed to $13.8 billion, or $12.07 per share, from $1.58 billion, or $1.41 per share, in the same quarter last year. Adjusted earnings exclude the impact of stock-based compensation and loss on debt prepayments. Executives will discuss the results with analysts on a conference call starting at 4:30 p.m. ET. This is breaking news. Please refresh for updates. WATCH: 'Fast Money' traders break down the memory stock madness watch now VIDEO 8:07 08:07 'Fast Money' traders break down the memory stock madness Fast Money Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the...
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